PRESIDENT BUHARI ANNOUNCES PROFIT AFTER TAX BY THE NNPC, AND PUBLICATION OF AUDITED FINANCIAL STATEMENTS FOR YEAR 2020

In fulfillment of an earlier pledge by the Federal Government to publicly announce the financial position of the Nigerian National Petroleum Corporation, President Muhammadu Buhari has disclosed a Net Profit, first time in the 44-year history of the establishment. According to the President, who doubles as Minister of Petroleum Resources, “I am pleased to announce the declaration of Profit after Tax of Two Hundred and Eighty Seven Billion Naira (N287 Billion) in Year 2020 by the Nigerian National Petroleum Corporation. This is sequel to the completion of the statutory Annual…

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